XML 19 R4.htm IDEA: XBRL DOCUMENT v3.20.1
STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]    
SALES, NET $ 24,749,263 $ 23,079,739
COST OF SALES 9,454,681 8,298,240
GROSS PROFIT 15,294,582 14,781,499
OPERATING EXPENSES:    
Sales and marketing 7,449,088 6,701,837
General and administrative 4,117,970 3,896,947
Total operating expenses 11,567,058 10,598,784
INCOME FROM OPERATIONS 3,727,524 4,182,715
OTHER INCOME (EXPENSE)    
Interest income 48,066 26,591
Interest expense (440,999) (457,689)
Other income, net 128,433 187,969
INCOME BEFORE INCOME TAXES 3,463,024 3,939,586
INCOME TAX PROVISION (952,123) (1,081,006)
NET INCOME 2,510,901 2,858,580
Preferred stock dividends (1,026,063) (1,018,915)
INCOME APPLICABLE TO COMMON SHAREHOLDERS $ 1,484,838 $ 1,839,665
Basic income per common share after preferred dividends $ .30 $ 0.37
Weighted average number of basic common shares outstanding 4,964,529 4,964,529